CPI Aerostructures Delivers First Pod Structure Of Latest Production Contract For Next Generation Jammer Mid-Band Program To Raytheon, Under A Previously Announced Contract Award With A Maximum Value Of $32.6M

7/8/24 8:15:00 AM ET

$CVU

$RTX

Military/Government/Technical

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Aerospace

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CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) announced today that it shipped the first Low Rate Initial Production 3 (LRIP 3) pod structure to RTX Corporation as authorized under a previously announced contract award with a maximum value of $32.6 million. Pod structure deliveries on LRIP 3 are expected through mid-2025 after which CPI Aero anticipates transitioning to Lot 4 deliveries. In addition to the pod structures, CPI Aero produces air management system (AMS) components integral to the Next Generation Jammer Mid-Band (NGJ-MB) program.

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Recent Analyst Ratings for
$CVU
$RTX

Company	Date	Price Target	Rating	Analyst
RTX Corporation $RTX	10/3/2024	$109.00 → $129.00	Sell → Hold	Deutsche Bank
RTX Corporation $RTX	7/31/2024	$110.00 → $140.00	Neutral → Buy	BofA Securities
RTX Corporation $RTX	7/30/2024	$134.00	Neutral → Overweight	Alembic Global Advisors
RTX Corporation $RTX	3/14/2024	$100.00 → $120.00	Equal Weight → Overweight	Wells Fargo
RTX Corporation $RTX	1/25/2024	$78.00 → $100.00	Underperform → Neutral	BofA Securities
RTX Corporation $RTX	1/16/2024	$88.00 → $94.00	Outperform → Neutral	Robert W. Baird
RTX Corporation $RTX	11/15/2023		Overweight → Neutral	Redburn Atlantic
RTX Corporation $RTX	10/27/2023	$79.00 → $68.00	Hold → Sell	Deutsche Bank

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Leadership Updates

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CPI Aerostructures Appoints Philip Passarello to Leadership Team as Chief Financial Officer
EDGEWOOD, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®" or the "Company") (NYSE:CVU) today announced that it has appointed Philip Passarello to the position of Chief Financial Officer. Mr. Passarello has extensive experience in all aspects of financial functions including accounting, financial reporting, audit and compliance, treasury, and financial planning and analysis. His career spans more than 20 years in financial management, government compliance, strategic forecasting and systems implementation. Prior to joining CPI Aero, Mr. Passarello served as Vice President of Finance for TTM Technologies, a Printed Circuit Board and Aerospace and
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ARLINGTON, Va., July 17, 2024 /PRNewswire/ -- RTX (NYSE:RTX) today announced Troy Brunk has been appointed president of Collins Aerospace and will report to RTX president and chief executive officer Christopher Calio. Brunk, a 30-year aerospace and defense veteran, succeeds Stephen Timm who has decided to retire. "Having led three of the six strategic business units at Collins Aerospace, Troy has a deep understanding of the portfolio and its customers," said Calio. "Troy's decades of industry experience and leadership make him the right person to lead Collins into its next phase of growth." Brunk has served in a variety of Collins Aerospace leadership positions including president of the Av
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Collins Aerospace and Luminace Partner with Common Energy to Support Community Solar Projects Across Portland
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ARLINGTON, Va., Oct. 1, 2024 /PRNewswire/ -- RTX (NYSE:RTX) will issue its third quarter 2024 earnings Tuesday, October 22, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET. The conference call will be webcast live on the company's website at www.rtx.com and will be available for replay following the call. A presentation corresponding with the conference call will be available for downloading prior to the call. About RTXWith more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are adva
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RTX's Pratt & Whitney and WZL2 sign a letter of intent for F100 sustainment work in Poland
Expanded capabilities will support increased Polish Air Force needs RZESZÓW, Poland, Nov. 21, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE:RTX) business, signed a letter of intent with Wojskowe Zaklady Lotnicze Nr. 2 S.A., also known as WZL2, to explore expanded maintenance repair and overhaul capabilities for increased Polish Air Force needs. "We are identifying ways to increase F100 engine sustainment work in Poland to ensure our Polish ally has the propulsion power they need," said Piotr Owsicki, general director of Pratt & Whitney Rzeszów. "We plan to use existing knowledge and experience, as well as infrastructure testing facilities, to provide the full cycle of F100 engine main
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Technology will extend operational reach and counter autonomous systems EL SEGUNDO, Calif., Nov. 14, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:RTX) business, has been awarded a contract from the U.S. Army to work on directed energy wireless power beaming capabilities that will distribute power across the battlefield, simplify logistics, and safeguard locations for U.S. troops. Work is being conducted as part of a larger effort under the Department of Defense's Operational Energy Strategy. Under the contract, Raytheon's Advanced Technology team will develop advanced wireless power transmitter and receiver technologies to enable a long-range demonstration in line with the needs of U.S. Army
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CPI Aerostructures Reports Third Quarter and Nine Month 2024 Results
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$CVU
Military/Government/Technical
Industrials

CPI Aerostructures Delivers First Pod Structure Of Latest Production Contract For Next Generation Jammer Mid-Band Program To Raytheon, Under A Previously Announced Contract Award With A Maximum Value Of $32.6M

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Recent Analyst Ratings for $CVU$RTX

$CVU$RTX Leadership Updates

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CPI Aerostructures Appoints Philip Passarello to Leadership Team as Chief Financial Officer

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$CVU$RTX Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by CPI Aerostructures Inc.

Amendment: SEC Form SC 13G/A filed by CPI Aerostructures Inc.

SEC Form SC 13G/A filed by RTX Corporation (Amendment)

$CVU$RTX Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

RTX upgraded by Deutsche Bank with a new price target

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$CVU$RTX Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Rosenjack Richard C bought $16,850 worth of shares (5,000 units at $3.37), increasing direct ownership by 14% to 39,711 units (SEC Form 4)

Director Levesque Pamela bought $31,300 worth of shares (10,000 units at $3.13), increasing direct ownership by 39% to 35,777 units (SEC Form 4)

Director Caswell Richard S bought $28,800 worth of shares (10,000 units at $2.88), increasing direct ownership by 8% to 132,981 units (SEC Form 4)

$CVU$RTX Financials

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RTX Reports Third Quarter 2024 Results

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$CVU$RTX Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Rosenjack Richard C bought $16,850 worth of shares (5,000 units at $3.37), increasing direct ownership by 14% to 39,711 units (SEC Form 4)

Director Levesque Pamela bought $31,300 worth of shares (10,000 units at $3.13), increasing direct ownership by 39% to 35,777 units (SEC Form 4)

President, Collins Aerospace Brunk Troy D converted options into 103 shares and covered exercise/tax liability with 103 shares (SEC Form 4)

$CVU$RTX SEC Filings

CPI Aerostructures Inc. filed SEC Form 8-K: Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics, Financial Statements and Exhibits

CPI Aerostructures Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by CPI Aerostructures Inc.

$CVU$RTX Press Releases

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RTX's Pratt & Whitney and WZL2 sign a letter of intent for F100 sustainment work in Poland

RTX's Raytheon awarded U.S. Army contract for wireless power beaming technology

CPI Aerostructures Reports Third Quarter and Nine Month 2024 Results

$CVU$RTX Market Insights

Live Market Insights

RTX shares are trading higher following a Q2 earnings beat.

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Recent Analyst Ratings for
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